BEL Q4 Results: Profit rises 5% to Rs 2,226 crore; co declares Rs 0.55 dividend

Bharat Electronics reported a 5% year-on-year (YoY) rise in consolidated net profit for the March quarter, supported by steady execution in defence projects and higher operational revenue. The state-run defence electronics company posted profit after tax of Rs 2,226 crore for Q4FY26 compared with Rs 2,127 crore in the corresponding quarter last year. BEL’s board recommended a final dividend of Rs 0.55 per equity share with face value of Rs 1 each for FY26, subject to shareholder approval at the upcoming annual general meeting.

Revenue from operations rose 11% YoY to Rs 10,224 crore from Rs 9,150 crore in the year-ago period. Total income for the quarter increased to Rs 10,335 crore against Rs 9,344 crore a year earlier, reflecting growth of around 11%. The company’s profit before tax stood at Rs 2,917 crore during the quarter compared with Rs 2,867 crore in Q4 FY25, registering a rise of 2%.

BEL’s total expenses increased to Rs 7,417 crore from Rs 6,477 crore in the corresponding quarter last year as the company ramped up production and project execution. Cost of materials consumed during the quarter rose to Rs 4,794 crore from Rs 4,429 crore in the previous year period. Employee benefit expenses increased 8.5% YoY to Rs 831 crore compared with Rs 766 crore last year. Other expenses also climbed sharply to Rs 1,117 crore from Rs 819 crore in Q4 FY25.

Despite the increase in costs, the company maintained healthy profitability due to strong revenue growth and stable execution across its defence electronics portfolio.

For the full financial year FY26, BEL reported consolidated revenue from operations of Rs 27,610 crore, up 16% from Rs 23,769 crore in FY25. Net profit for the year rose 14% to Rs 6,062 crore compared with Rs 5,323 crore in the previous financial year. Total income during FY26 stood at Rs 28,176 crore against Rs 24,511 crore in FY25, marking growth of nearly 15%. Profit before tax for the full year came in at Rs 8,053 crore, up 13% from Rs 7,099 crore in FY25.

The company also benefited from higher contribution from associate entities. Share of profit from associates accounted under equity method increased to Rs 1,216 lakh during the March quarter compared with Rs 601 lakh in the same quarter last year.